Former area insurance agent sentenced for bilking elderly couple
POUGHKEEPSIE — A former Saratoga County insurance agent who defrauded an elderly couple of more than $300,000 over the course of a nearly eight-year period will spend two to six years behind bars and will pay full restitution to his victims, Attorney General Eric T. Schneiderman announced today.
Joseph A. Marvullo, 64, of Porter Corners pleaded guilty to second-degree grand larceny, a felony, in July. The self-employed independent insurance agent and broker reportedly met his victims through their church, gained their trust and convinced them to turn their life savings over to him.
Under the terms of the plea agreement, Marvullo is barred from any further employment or participation in any consumer, insurance, or investment matters.
Investors or consumers who believe they were defrauded by Marvullo are asked to contact the Attorney General’s helpline at 800-771-7755.